v3.26.1
WARRANTS (Tables)
12 Months Ended
Dec. 31, 2025
Warrants  
SCHEDULE OF WARRANTS ACTIVITY

The following table summarizes warrant activity of the Plan through December 31, 2025:

 

   Warrants
Issued
  

Weighted-Average

Exercise Price

 
         
Options outstanding – December 31, 2023   150,000   $1.10 
Granted   1,550,000    3.00 
Canceled   -    - 
Forfeited   (50,000)   3.00 
Exercised   -    - 
Options outstanding – December 31, 2024   1,650,000   $2.83 
Granted   150,000    3.12 
Canceled   -    - 
Forfeited   -    - 
Exercised   -    - 
Options outstanding – December 31, 2025   1,800,000   $2.85 
SCHEDULE OF WARRANTS OUTSTANDING

Additional information regarding the warrants outstanding as of December 31, 2025 is as follows:

 

Exercise Price   Number
Outstanding
   Weighted Average
Remaining
Contractual Life
  Number
Exercisable
 
$1.10    150,000   2.6 Years   150,000 
$3.00    1,600,000   8.4 Years   1,058,333 
$3.20    50,000   3.0 years   50,000 
      1,800,000       1,258,333 
SCHEDULE OF WARRANTS FAIR VALUE ASSUMPTIONS

The fair value of such warrants was estimated on the date of grant to be $1.19 and $1.97 per share using the Black-Scholes option-pricing model with the following assumption weighted-averages in 2025 and 2024, respectively:

 

   2025   2024 
Risk-free interest rates   4.22%   3.14%
Expected life in years   3.0    5.0 
Expected volatility   90%   90%
Expected dividend yield   0%   0%
Fair value of common stock  $2.25   $3.00